This video demonstrates how to calculate Cost of Goods Sold (COGS) for a manufacturing firm.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

published:14 Feb 2014

views:48182

Learn about cost of goods sold.
More free accounting tutorials and lessons at http://accounting-education.com.

For more Prelims oriented information and content you can join NEOIAS Prelims TelegramChannel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
REPLY
For more Prelims oriented information and content you can join NEO IAS Prelims Telegram Channel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
Learn complete concept of Goods and Services Tax (GST) of Indian Economy for CIVIL SERVICES EXAMINATION in the simplest way. NEO IAS e-learning classes is an online program whose aim is to create CIVIL SERVANTS for the development of the nation by providing the video series of complete topics that are relevant for the CIVIL SERVICES (IAS/IPS) Exam.

published:01 Apr 2017

views:32301

This video shows how to determine the socially efficient quantity of a public good. The efficient level is the quantity where the marginal social benefit equals the marginal social cost. Individuals do not purchase public goods, however, so the marginal benefit must be determined by: (1) asking how much each individual would hypothetically pay for an additional unit of the good, (2) using this informaiton to plot a demand curve for each individual, and (3) summing the individual demand curves to create the collective demand curve (marginal social benefit). The intersection of the collective demand curve and the marginal cost curve yields the socially optimal quantity of the public good that should be provided. The video uses an example to illustrate how this can be done to determine the optimal number of street lights for a neighborhood.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin
This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.

published:20 Nov 2016

views:18103

This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia BradyTuckerFoundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will be introduced to the difference between public and private goods and how this applies to environmental conservation. Concepts include excludability, rivalry, public goods, private goods, collective goods, and common goods/common pool resources.
To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/
For copyright information on all sound effects, see http://www.conservation-strategy.org/en/page/csf-economic-video-lessons-sound-references

published:15 May 2014

views:90753

Discussion of a merchandising company and the income statement; with example on how to calculate cost of goods sold with a t-account.
Other videos in this series:
Part 1 - Introduction to Financial Accounting
Part 2 - ServiceCompany
Part 4 - Manufacturing Company
Part 5 - Manufacturing Company Costs
For more accounting/how to eLectures (and accompanying lecture notes), blog and a discount textbook-store visit www.TheAccountingDr.com
Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad).

published:02 Jan 2011

views:16259

This video examines the characteristics of rivalry and excludability to determine how economists categorize a good.

Although in economic theory all goods are considered tangible, in reality certain classes of goods, such as information, only take intangible forms. For example, among other goods an apple is a tangible object, while news belongs to an intangible class of goods and can be perceived only by means of an instrument such as print, broadcast or computer.

Goods (album)

Goods is Edda Magnason's second album. It was released in 2011 by Adrian Recordings.

It was co-produced by Christoffer Lundquist and recorded in his own studio, Aerosol Grey Machine Studios. Magnason wrote the music, sang and played piano and keyboards. The other musicians on the album are Tomas Ebrelius (violin, viola), Fredrik Myhr (drums), Martin Eriksson (double bass), Fredrik Stenberg (clarinet, bass clarinet) och Christoffer Lundquist (guitar, bass, percussion).

Magnason designed the cover and made all the illustrations in the CD booklet.

References

Cost of goods sold

Cost of goods sold (COGS) refer to the carrying value of goods sold during a particular period.

Costs are associated with particular goods using one of several formulas, including specific identification, first-in first-out (FIFO), or average cost. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. Costs of goods made by the business include material, labor, and allocated overhead. The costs of those goods not yet sold are deferred as costs of inventory until the inventory is sold or written down in value.

Overview

Many businesses sell goods that they have bought or produced. When the goods are bought or produced, the costs associated with such goods are capitalized as part of inventory (or stock) of goods. These costs are treated as an expense in the period the business recognizes income from sale of the goods.

Determining costs requires keeping records of goods or materials purchased and any discounts on such purchase. In addition, if the goods are modified, the business must determine the costs incurred in modifying the goods. Such modification costs include labor, supplies or additional material, supervision, quality control and use of equipment. Principles for determining costs may be easily stated, but application in practice is often difficult due to a variety of considerations in the allocation of costs.

Goods and services tax (Canada)

The goods and services tax (GST) (French:taxe sur les produits et services, TPS) is a multi-level value added tax introduced in Canada on January 1, 1991, by then-Prime MinisterBrian Mulroney and his finance minister Michael Wilson. The GST replaced a hidden 13.5% manufacturers' sales tax (MST); Mulroney claimed the GST was implemented because the MST was hindering the manufacturing sector's ability to export competitively. The introduction of the GST was very controversial. The GST rate is 5%, effective January 1, 2008.

The goods and services tax is defined in law at Part IX of the Excise Tax Act. GST is levied on supplies of goods or services purchased in Canada and includes most products, except certain politically sensitive essentials such as groceries, residential rent, and medical services, and services such as financial services. Businesses that purchase goods and services that are consumed, used or supplied in the course of their "commercial activities" can claim "input tax credits" subject to prescribed documentation requirements (i.e., when they remit to the Canada Revenue Agency the GST they have collected in any given period of time, they are allowed to deduct the amount of GST they paid during that period). This avoids "cascading" (i.e., the application of the GST on the same good or service several times as it passes from business to business on its way to the final consumer). In this way, the tax is essentially borne by the final consumer. This system is not completely effective, as shown by criminals who defrauded the system by claiming GST input credits for non-existent sales by a fictional company. Exported goods are exempt ("zero-rated"), while individuals with low incomes can receive a GST rebate calculated in conjunction with their income tax.

Goods and Services Tax (Singapore)

Goods and Services Tax (Abbreviation: GST; Chinese: 消费税) in Singapore is a broad-based value added tax levied on import of goods, as well as nearly all supplies of goods and services. The only exemptions are for the sales and leases of residential properties and most financial services. Export of goods and international services are zero-rated.

Background

Before 1986, Singapore's corporate income tax rate and top marginal personal income tax rate both stood at 40%. Such high rates were deemed to be uncompetitive. On the recommendation of the 1986 Economic Committee, Singapore's government decided that it needed to shift from direct to indirect taxes, to maintain its international competitiveness in attracting investments, and to sustain its economic growth to create well-paying jobs for Singaporeans.

Objectives

The GST was part of a larger tax restructuring exercise to enable Singapore to shift its reliance from direct taxes to indirect taxes. The government argued that tax reform was necessary to maintain Singapore's competitiveness, to sustain long-term growth and job creation. The government also argued that with an ageing population, Singapore's income tax base was expected to decline. With a broad-based GST, the taxation burden would be more evenly spread among the population.

Cost of Goods Sold (COGS) for a Manufacturing Firm

This video demonstrates how to calculate Cost of Goods Sold (COGS) for a manufacturing firm.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

7:58

Cost of Goods Sold (COGS)

Cost of Goods Sold (COGS)

Cost of Goods Sold (COGS)

Learn about cost of goods sold.
More free accounting tutorials and lessons at http://accounting-education.com.

For more Prelims oriented information and content you can join NEOIAS Prelims TelegramChannel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
REPLY
For more Prelims oriented information and content you can join NEO IAS Prelims Telegram Channel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
Learn complete concept of Goods and Services Tax (GST) of Indian Economy for CIVIL SERVICES EXAMINATION in the simplest way. NEO IAS e-learning classes is an online program whose aim is to create CIVIL SERVANTS for the development of the nation by providing the video series of complete topics that are relevant for the CIVIL SERVICES (IAS/IPS) Exam.

6:43

The Efficient Provision of Public Goods

The Efficient Provision of Public Goods

The Efficient Provision of Public Goods

This video shows how to determine the socially efficient quantity of a public good. The efficient level is the quantity where the marginal social benefit equals the marginal social cost. Individuals do not purchase public goods, however, so the marginal benefit must be determined by: (1) asking how much each individual would hypothetically pay for an additional unit of the good, (2) using this informaiton to plot a demand curve for each individual, and (3) summing the individual demand curves to create the collective demand curve (marginal social benefit). The intersection of the collective demand curve and the marginal cost curve yields the socially optimal quantity of the public good that should be provided. The video uses an example to illustrate how this can be done to determine the optimal number of street lights for a neighborhood.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin
This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.

8:14

Public vs. Private Goods

Public vs. Private Goods

Public vs. Private Goods

This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia BradyTuckerFoundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will be introduced to the difference between public and private goods and how this applies to environmental conservation. Concepts include excludability, rivalry, public goods, private goods, collective goods, and common goods/common pool resources.
To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/
For copyright information on all sound effects, see http://www.conservation-strategy.org/en/page/csf-economic-video-lessons-sound-references

Discussion of a merchandising company and the income statement; with example on how to calculate cost of goods sold with a t-account.
Other videos in this series:
Part 1 - Introduction to Financial Accounting
Part 2 - ServiceCompany
Part 4 - Manufacturing Company
Part 5 - Manufacturing Company Costs
For more accounting/how to eLectures (and accompanying lecture notes), blog and a discount textbook-store visit www.TheAccountingDr.com
Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad).

7:04

Public Goods vs. Private Goods

Public Goods vs. Private Goods

Public Goods vs. Private Goods

This video examines the characteristics of rivalry and excludability to determine how economists categorize a good.

2:47

Finance Transformation Enabled by SAP S/4HANA for a Leading Consumer Goods Manufacturer

Finance Transformation Enabled by SAP S/4HANA for a Leading Consumer Goods Manufacturer

Finance Transformation Enabled by SAP S/4HANA for a Leading Consumer Goods Manufacturer

Welcome to the official YouTube channel for LTI, a Larsen Toubro (L&T) GroupCompany. We are a global technology consulting and digital solutions Company helping more than 300 clients succeed in a converging world. With operations in 27 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys.
Subscribe to LTI’s YouTube channel: https://goo.gl/kwL6kD
Visit us at https://www.lntinfotech.com
Follow LTI on LinkedIn: https://www.linkedin.com/company/4500/
Follow LTI on Twitter: https://twitter.com/LTI_Global
Follow LTI on FaceBook: https://www.facebook.com/LarsenToubro...
Follow LTI on Google Plus: https://plus.google.com/+LarsenToubro...

3:55

Income Statement, Cont'd: Cost of Goods Sold, Gross Profit, Expenses

Income Statement, Cont'd: Cost of Goods Sold, Gross Profit, Expenses

Income Statement, Cont'd: Cost of Goods Sold, Gross Profit, Expenses

Brought to you by StratPad: SimpleBusiness Plan App.
Try it free at http://www.stratpad.com
In this video, we continue our look at the income statement and dig into the expenses section. You'll learn about different types of expenses, including cost of goods sold (or COGS), and how to calculate expenses to determine gross profit from sales.
http://www.stratpad.com/financial-statements-made-easy-video-course/income-statement-cost-of-goods-sold-gross-margin-expenses/
VideoTranscript
So you know now that the income statement starts off with sales at the top and then we start subtracting a variety of costs until we end up with net income at the bottom. So now I want to dig into what some of those costs are.
So here you actually see a heading called expenses and then underneath, a variety of expenses. But you'll also see here, we have a special line called cost of goods sold and this is a special kind of expense. It relates to sales. When you sell something, let's say a widget, the widget will have a cost. If you sell the widget for $1 but you've paid 25 cents for that widget, then the cost of goods that you've sold will be 25 cents. If you sell 100 widgets at $1 each then you'll have $100 in revenue and 25 cents a widget times 100 of those is equal to $25 worth of cost of goods sold.
If you sell time by the hour, for example, if you're a lawyer or a web designer or an accountant, then your cost of goods sold will be equal to the labour cost associated with whoever is charging that hour. So if you're charging $50 per hour for web design and you pay yourself $20 an hour, then your cost of goods sold would be $20 an hour.
And let's just see how that subtotals. So let's say that we had $10,000 worth of sales or revenue and our cost of goods sold was $2,500, we would have a little subtotal here. So that single line means we're about to do a mathematical subtotal or a mathematical calculation like a subtraction. And, in this case, even though the $2,500 is shown as positive, we know that we need to subtract $2,500 from $10,000 to get $7,500. And this subtotal has a special name called gross profit. Now the words "gross profits" is often times not shown on the income statement but you'll know what that subtotal is -- gross profit.
Then underneath that, you'll see that we have the expenses listed like this in alphabetical order. But we can also show them a different way, like this. Expenses are often shown grouped in three categories: general and administrative, which are all your administration costs like the salary of the boss, administrative staff, accounting people, rent, communications, those types of things; research and development are exactly that — all the costs and overhead associated with the people who are doing your research and product development; sales and marketing, similarly, all the costs and overhead associated with the salaries of the people who do your sales, marketing and your sales- and marketing-related campaigns.
Let's just show you what happens when we add some numbers in here. Let's say that general and administrative for the month was $3,000 in costs; research and development was $2,000; and sales and marketing was $1,000. What we would do here is we would total these. A subtotal of $3,000 plus $2,000 plus $1,000 is equal to $6,000. And then we would take the $7,500 of gross profit and we would subtract $6,000 from it. We end up with another special subtotal, so that would be $1,500. That special subtotal has a very complicated name which we will get to in the next video.
And you thought this stuff would be boring. :-)

Private goods, public goods and merit goods (ECO)

Cost of Goods Sold (COGS) for a Manufacturing Firm

This video demonstrates how to calculate Cost of Goods Sold (COGS) for a manufacturing firm.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

published: 14 Feb 2014

Cost of Goods Sold (COGS)

Learn about cost of goods sold.
More free accounting tutorials and lessons at http://accounting-education.com.

For more Prelims oriented information and content you can join NEOIAS Prelims TelegramChannel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
REPLY
For more Prelims oriented information and content you can join NEO IAS Prelims Telegram Channel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
Learn complete concept of Goods and Services Tax (GST) of Indian Economy for CIVIL SERVICES EXAMINATION in the simplest way. NEO IAS e-learning classes is an online program whose aim is to create CIVIL SERVANTS for the development of the nation by providing the video series of complete topics that are relevant for the CIVIL SERVICES (IAS/IPS) Exam.

published: 01 Apr 2017

The Efficient Provision of Public Goods

This video shows how to determine the socially efficient quantity of a public good. The efficient level is the quantity where the marginal social benefit equals the marginal social cost. Individuals do not purchase public goods, however, so the marginal benefit must be determined by: (1) asking how much each individual would hypothetically pay for an additional unit of the good, (2) using this informaiton to plot a demand curve for each individual, and (3) summing the individual demand curves to create the collective demand curve (marginal social benefit). The intersection of the collective demand curve and the marginal cost curve yields the socially optimal quantity of the public good that should be provided. The video uses an example to illustrate how this can be done to determine th...

published: 20 Nov 2016

Public vs. Private Goods

This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia BradyTuckerFoundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will be introduced to the difference between public and private goods and how this applies to environmental conservation. Concepts include excludability, rivalry, public goods, private goods, collective goods, and common goods/common pool resources.
To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/
For copyrig...

Discussion of a merchandising company and the income statement; with example on how to calculate cost of goods sold with a t-account.
Other videos in this series:
Part 1 - Introduction to Financial Accounting
Part 2 - ServiceCompany
Part 4 - Manufacturing Company
Part 5 - Manufacturing Company Costs
For more accounting/how to eLectures (and accompanying lecture notes), blog and a discount textbook-store visit www.TheAccountingDr.com
Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad).

published: 02 Jan 2011

Public Goods vs. Private Goods

This video examines the characteristics of rivalry and excludability to determine how economists categorize a good.

published: 12 Mar 2015

Finance Transformation Enabled by SAP S/4HANA for a Leading Consumer Goods Manufacturer

Welcome to the official YouTube channel for LTI, a Larsen Toubro (L&T) GroupCompany. We are a global technology consulting and digital solutions Company helping more than 300 clients succeed in a converging world. With operations in 27 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys.
Subscribe to LTI’s YouTube channel: https://goo.gl/kwL6kD
Visit us at https://www.lntinfotech.com
Follow LTI on LinkedIn: https://www.linkedin.com/company/4500/
Follow LTI on Twitter: https://twitter.com/LTI_Global
Follow LTI on FaceBook: https://www.facebook.com/LarsenToubro...
Follow LTI on Google Plus: https://plus.google.com/+LarsenToubro...

published: 22 Nov 2018

Income Statement, Cont'd: Cost of Goods Sold, Gross Profit, Expenses

Brought to you by StratPad: SimpleBusiness Plan App.
Try it free at http://www.stratpad.com
In this video, we continue our look at the income statement and dig into the expenses section. You'll learn about different types of expenses, including cost of goods sold (or COGS), and how to calculate expenses to determine gross profit from sales.
http://www.stratpad.com/financial-statements-made-easy-video-course/income-statement-cost-of-goods-sold-gross-margin-expenses/
VideoTranscript
So you know now that the income statement starts off with sales at the top and then we start subtracting a variety of costs until we end up with net income at the bottom. So now I want to dig into what some of those costs are.
So here you actually see a heading called expenses and then underneath, a variety...

Cost of Goods Sold (COGS) for a Manufacturing Firm

This video demonstrates how to calculate Cost of Goods Sold (COGS) for a manufacturing firm.
Edspira is your source for business and financial education. To v...

This video demonstrates how to calculate Cost of Goods Sold (COGS) for a manufacturing firm.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

This video demonstrates how to calculate Cost of Goods Sold (COGS) for a manufacturing firm.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

For more Prelims oriented information and content you can join NEOIAS Prelims TelegramChannel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgm...

For more Prelims oriented information and content you can join NEOIAS Prelims TelegramChannel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
REPLY
For more Prelims oriented information and content you can join NEO IAS Prelims Telegram Channel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
Learn complete concept of Goods and Services Tax (GST) of Indian Economy for CIVIL SERVICES EXAMINATION in the simplest way. NEO IAS e-learning classes is an online program whose aim is to create CIVIL SERVANTS for the development of the nation by providing the video series of complete topics that are relevant for the CIVIL SERVICES (IAS/IPS) Exam.

For more Prelims oriented information and content you can join NEOIAS Prelims TelegramChannel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
REPLY
For more Prelims oriented information and content you can join NEO IAS Prelims Telegram Channel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
Learn complete concept of Goods and Services Tax (GST) of Indian Economy for CIVIL SERVICES EXAMINATION in the simplest way. NEO IAS e-learning classes is an online program whose aim is to create CIVIL SERVANTS for the development of the nation by providing the video series of complete topics that are relevant for the CIVIL SERVICES (IAS/IPS) Exam.

The Efficient Provision of Public Goods

This video shows how to determine the socially efficient quantity of a public good. The efficient level is the quantity where the marginal social benefit equal...

This video shows how to determine the socially efficient quantity of a public good. The efficient level is the quantity where the marginal social benefit equals the marginal social cost. Individuals do not purchase public goods, however, so the marginal benefit must be determined by: (1) asking how much each individual would hypothetically pay for an additional unit of the good, (2) using this informaiton to plot a demand curve for each individual, and (3) summing the individual demand curves to create the collective demand curve (marginal social benefit). The intersection of the collective demand curve and the marginal cost curve yields the socially optimal quantity of the public good that should be provided. The video uses an example to illustrate how this can be done to determine the optimal number of street lights for a neighborhood.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin
This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.

This video shows how to determine the socially efficient quantity of a public good. The efficient level is the quantity where the marginal social benefit equals the marginal social cost. Individuals do not purchase public goods, however, so the marginal benefit must be determined by: (1) asking how much each individual would hypothetically pay for an additional unit of the good, (2) using this informaiton to plot a demand curve for each individual, and (3) summing the individual demand curves to create the collective demand curve (marginal social benefit). The intersection of the collective demand curve and the marginal cost curve yields the socially optimal quantity of the public good that should be provided. The video uses an example to illustrate how this can be done to determine the optimal number of street lights for a neighborhood.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin
This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.

This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia BradyTuckerFoundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will be introduced to the difference between public and private goods and how this applies to environmental conservation. Concepts include excludability, rivalry, public goods, private goods, collective goods, and common goods/common pool resources.
To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/
For copyright information on all sound effects, see http://www.conservation-strategy.org/en/page/csf-economic-video-lessons-sound-references

This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia BradyTuckerFoundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will be introduced to the difference between public and private goods and how this applies to environmental conservation. Concepts include excludability, rivalry, public goods, private goods, collective goods, and common goods/common pool resources.
To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/
For copyright information on all sound effects, see http://www.conservation-strategy.org/en/page/csf-economic-video-lessons-sound-references

Discussion of a merchandising company and the income statement; with example on how to calculate cost of goods sold with a t-account.
Other videos in this seri...

Discussion of a merchandising company and the income statement; with example on how to calculate cost of goods sold with a t-account.
Other videos in this series:
Part 1 - Introduction to Financial Accounting
Part 2 - ServiceCompany
Part 4 - Manufacturing Company
Part 5 - Manufacturing Company Costs
For more accounting/how to eLectures (and accompanying lecture notes), blog and a discount textbook-store visit www.TheAccountingDr.com
Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad).

Discussion of a merchandising company and the income statement; with example on how to calculate cost of goods sold with a t-account.
Other videos in this series:
Part 1 - Introduction to Financial Accounting
Part 2 - ServiceCompany
Part 4 - Manufacturing Company
Part 5 - Manufacturing Company Costs
For more accounting/how to eLectures (and accompanying lecture notes), blog and a discount textbook-store visit www.TheAccountingDr.com
Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad).

Welcome to the official YouTube channel for LTI, a Larsen Toubro (L&T) GroupCompany. We are a global technology consulting and digital solutions Company helping more than 300 clients succeed in a converging world. With operations in 27 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys.
Subscribe to LTI’s YouTube channel: https://goo.gl/kwL6kD
Visit us at https://www.lntinfotech.com
Follow LTI on LinkedIn: https://www.linkedin.com/company/4500/
Follow LTI on Twitter: https://twitter.com/LTI_Global
Follow LTI on FaceBook: https://www.facebook.com/LarsenToubro...
Follow LTI on Google Plus: https://plus.google.com/+LarsenToubro...

Welcome to the official YouTube channel for LTI, a Larsen Toubro (L&T) GroupCompany. We are a global technology consulting and digital solutions Company helping more than 300 clients succeed in a converging world. With operations in 27 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys.
Subscribe to LTI’s YouTube channel: https://goo.gl/kwL6kD
Visit us at https://www.lntinfotech.com
Follow LTI on LinkedIn: https://www.linkedin.com/company/4500/
Follow LTI on Twitter: https://twitter.com/LTI_Global
Follow LTI on FaceBook: https://www.facebook.com/LarsenToubro...
Follow LTI on Google Plus: https://plus.google.com/+LarsenToubro...

Income Statement, Cont'd: Cost of Goods Sold, Gross Profit, Expenses

Brought to you by StratPad: SimpleBusiness Plan App.
Try it free at http://www.stratpad.com
In this video, we continue our look at the income statement and di...

Brought to you by StratPad: SimpleBusiness Plan App.
Try it free at http://www.stratpad.com
In this video, we continue our look at the income statement and dig into the expenses section. You'll learn about different types of expenses, including cost of goods sold (or COGS), and how to calculate expenses to determine gross profit from sales.
http://www.stratpad.com/financial-statements-made-easy-video-course/income-statement-cost-of-goods-sold-gross-margin-expenses/
VideoTranscript
So you know now that the income statement starts off with sales at the top and then we start subtracting a variety of costs until we end up with net income at the bottom. So now I want to dig into what some of those costs are.
So here you actually see a heading called expenses and then underneath, a variety of expenses. But you'll also see here, we have a special line called cost of goods sold and this is a special kind of expense. It relates to sales. When you sell something, let's say a widget, the widget will have a cost. If you sell the widget for $1 but you've paid 25 cents for that widget, then the cost of goods that you've sold will be 25 cents. If you sell 100 widgets at $1 each then you'll have $100 in revenue and 25 cents a widget times 100 of those is equal to $25 worth of cost of goods sold.
If you sell time by the hour, for example, if you're a lawyer or a web designer or an accountant, then your cost of goods sold will be equal to the labour cost associated with whoever is charging that hour. So if you're charging $50 per hour for web design and you pay yourself $20 an hour, then your cost of goods sold would be $20 an hour.
And let's just see how that subtotals. So let's say that we had $10,000 worth of sales or revenue and our cost of goods sold was $2,500, we would have a little subtotal here. So that single line means we're about to do a mathematical subtotal or a mathematical calculation like a subtraction. And, in this case, even though the $2,500 is shown as positive, we know that we need to subtract $2,500 from $10,000 to get $7,500. And this subtotal has a special name called gross profit. Now the words "gross profits" is often times not shown on the income statement but you'll know what that subtotal is -- gross profit.
Then underneath that, you'll see that we have the expenses listed like this in alphabetical order. But we can also show them a different way, like this. Expenses are often shown grouped in three categories: general and administrative, which are all your administration costs like the salary of the boss, administrative staff, accounting people, rent, communications, those types of things; research and development are exactly that — all the costs and overhead associated with the people who are doing your research and product development; sales and marketing, similarly, all the costs and overhead associated with the salaries of the people who do your sales, marketing and your sales- and marketing-related campaigns.
Let's just show you what happens when we add some numbers in here. Let's say that general and administrative for the month was $3,000 in costs; research and development was $2,000; and sales and marketing was $1,000. What we would do here is we would total these. A subtotal of $3,000 plus $2,000 plus $1,000 is equal to $6,000. And then we would take the $7,500 of gross profit and we would subtract $6,000 from it. We end up with another special subtotal, so that would be $1,500. That special subtotal has a very complicated name which we will get to in the next video.
And you thought this stuff would be boring. :-)

Brought to you by StratPad: SimpleBusiness Plan App.
Try it free at http://www.stratpad.com
In this video, we continue our look at the income statement and dig into the expenses section. You'll learn about different types of expenses, including cost of goods sold (or COGS), and how to calculate expenses to determine gross profit from sales.
http://www.stratpad.com/financial-statements-made-easy-video-course/income-statement-cost-of-goods-sold-gross-margin-expenses/
VideoTranscript
So you know now that the income statement starts off with sales at the top and then we start subtracting a variety of costs until we end up with net income at the bottom. So now I want to dig into what some of those costs are.
So here you actually see a heading called expenses and then underneath, a variety of expenses. But you'll also see here, we have a special line called cost of goods sold and this is a special kind of expense. It relates to sales. When you sell something, let's say a widget, the widget will have a cost. If you sell the widget for $1 but you've paid 25 cents for that widget, then the cost of goods that you've sold will be 25 cents. If you sell 100 widgets at $1 each then you'll have $100 in revenue and 25 cents a widget times 100 of those is equal to $25 worth of cost of goods sold.
If you sell time by the hour, for example, if you're a lawyer or a web designer or an accountant, then your cost of goods sold will be equal to the labour cost associated with whoever is charging that hour. So if you're charging $50 per hour for web design and you pay yourself $20 an hour, then your cost of goods sold would be $20 an hour.
And let's just see how that subtotals. So let's say that we had $10,000 worth of sales or revenue and our cost of goods sold was $2,500, we would have a little subtotal here. So that single line means we're about to do a mathematical subtotal or a mathematical calculation like a subtraction. And, in this case, even though the $2,500 is shown as positive, we know that we need to subtract $2,500 from $10,000 to get $7,500. And this subtotal has a special name called gross profit. Now the words "gross profits" is often times not shown on the income statement but you'll know what that subtotal is -- gross profit.
Then underneath that, you'll see that we have the expenses listed like this in alphabetical order. But we can also show them a different way, like this. Expenses are often shown grouped in three categories: general and administrative, which are all your administration costs like the salary of the boss, administrative staff, accounting people, rent, communications, those types of things; research and development are exactly that — all the costs and overhead associated with the people who are doing your research and product development; sales and marketing, similarly, all the costs and overhead associated with the salaries of the people who do your sales, marketing and your sales- and marketing-related campaigns.
Let's just show you what happens when we add some numbers in here. Let's say that general and administrative for the month was $3,000 in costs; research and development was $2,000; and sales and marketing was $1,000. What we would do here is we would total these. A subtotal of $3,000 plus $2,000 plus $1,000 is equal to $6,000. And then we would take the $7,500 of gross profit and we would subtract $6,000 from it. We end up with another special subtotal, so that would be $1,500. That special subtotal has a very complicated name which we will get to in the next video.
And you thought this stuff would be boring. :-)

Cost of Goods Sold (COGS) for a Manufacturing Firm

This video demonstrates how to calculate Cost of Goods Sold (COGS) for a manufacturing firm.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
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Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

For more Prelims oriented information and content you can join NEOIAS Prelims TelegramChannel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
REPLY
For more Prelims oriented information and content you can join NEO IAS Prelims Telegram Channel using the following link.
https://t.me/joinchat/AAAAAEABQk5IsIgmOepQOQ
Learn complete concept of Goods and Services Tax (GST) of Indian Economy for CIVIL SERVICES EXAMINATION in the simplest way. NEO IAS e-learning classes is an online program whose aim is to create CIVIL SERVANTS for the development of the nation by providing the video series of complete topics that are relevant for the CIVIL SERVICES (IAS/IPS) Exam.

The Efficient Provision of Public Goods

This video shows how to determine the socially efficient quantity of a public good. The efficient level is the quantity where the marginal social benefit equals the marginal social cost. Individuals do not purchase public goods, however, so the marginal benefit must be determined by: (1) asking how much each individual would hypothetically pay for an additional unit of the good, (2) using this informaiton to plot a demand curve for each individual, and (3) summing the individual demand curves to create the collective demand curve (marginal social benefit). The intersection of the collective demand curve and the marginal cost curve yields the socially optimal quantity of the public good that should be provided. The video uses an example to illustrate how this can be done to determine the optimal number of street lights for a neighborhood.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin
This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.

Public vs. Private Goods

This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia BradyTuckerFoundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will be introduced to the difference between public and private goods and how this applies to environmental conservation. Concepts include excludability, rivalry, public goods, private goods, collective goods, and common goods/common pool resources.
To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/
For copyright information on all sound effects, see http://www.conservation-strategy.org/en/page/csf-economic-video-lessons-sound-references

Discussion of a merchandising company and the income statement; with example on how to calculate cost of goods sold with a t-account.
Other videos in this series:
Part 1 - Introduction to Financial Accounting
Part 2 - ServiceCompany
Part 4 - Manufacturing Company
Part 5 - Manufacturing Company Costs
For more accounting/how to eLectures (and accompanying lecture notes), blog and a discount textbook-store visit www.TheAccountingDr.com
Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad).

Finance Transformation Enabled by SAP S/4HANA for a Leading Consumer Goods Manufacturer

Welcome to the official YouTube channel for LTI, a Larsen Toubro (L&T) GroupCompany. We are a global technology consulting and digital solutions Company helping more than 300 clients succeed in a converging world. With operations in 27 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys.
Subscribe to LTI’s YouTube channel: https://goo.gl/kwL6kD
Visit us at https://www.lntinfotech.com
Follow LTI on LinkedIn: https://www.linkedin.com/company/4500/
Follow LTI on Twitter: https://twitter.com/LTI_Global
Follow LTI on FaceBook: https://www.facebook.com/LarsenToubro...
Follow LTI on Google Plus: https://plus.google.com/+LarsenToubro...

Income Statement, Cont'd: Cost of Goods Sold, Gross Profit, Expenses

Brought to you by StratPad: SimpleBusiness Plan App.
Try it free at http://www.stratpad.com
In this video, we continue our look at the income statement and dig into the expenses section. You'll learn about different types of expenses, including cost of goods sold (or COGS), and how to calculate expenses to determine gross profit from sales.
http://www.stratpad.com/financial-statements-made-easy-video-course/income-statement-cost-of-goods-sold-gross-margin-expenses/
VideoTranscript
So you know now that the income statement starts off with sales at the top and then we start subtracting a variety of costs until we end up with net income at the bottom. So now I want to dig into what some of those costs are.
So here you actually see a heading called expenses and then underneath, a variety of expenses. But you'll also see here, we have a special line called cost of goods sold and this is a special kind of expense. It relates to sales. When you sell something, let's say a widget, the widget will have a cost. If you sell the widget for $1 but you've paid 25 cents for that widget, then the cost of goods that you've sold will be 25 cents. If you sell 100 widgets at $1 each then you'll have $100 in revenue and 25 cents a widget times 100 of those is equal to $25 worth of cost of goods sold.
If you sell time by the hour, for example, if you're a lawyer or a web designer or an accountant, then your cost of goods sold will be equal to the labour cost associated with whoever is charging that hour. So if you're charging $50 per hour for web design and you pay yourself $20 an hour, then your cost of goods sold would be $20 an hour.
And let's just see how that subtotals. So let's say that we had $10,000 worth of sales or revenue and our cost of goods sold was $2,500, we would have a little subtotal here. So that single line means we're about to do a mathematical subtotal or a mathematical calculation like a subtraction. And, in this case, even though the $2,500 is shown as positive, we know that we need to subtract $2,500 from $10,000 to get $7,500. And this subtotal has a special name called gross profit. Now the words "gross profits" is often times not shown on the income statement but you'll know what that subtotal is -- gross profit.
Then underneath that, you'll see that we have the expenses listed like this in alphabetical order. But we can also show them a different way, like this. Expenses are often shown grouped in three categories: general and administrative, which are all your administration costs like the salary of the boss, administrative staff, accounting people, rent, communications, those types of things; research and development are exactly that — all the costs and overhead associated with the people who are doing your research and product development; sales and marketing, similarly, all the costs and overhead associated with the salaries of the people who do your sales, marketing and your sales- and marketing-related campaigns.
Let's just show you what happens when we add some numbers in here. Let's say that general and administrative for the month was $3,000 in costs; research and development was $2,000; and sales and marketing was $1,000. What we would do here is we would total these. A subtotal of $3,000 plus $2,000 plus $1,000 is equal to $6,000. And then we would take the $7,500 of gross profit and we would subtract $6,000 from it. We end up with another special subtotal, so that would be $1,500. That special subtotal has a very complicated name which we will get to in the next video.
And you thought this stuff would be boring. :-)

Stephen Pearce – FinanceDirector... So good morning, ladies and gentlemen, and very warm welcome to Anglo American’s 2018 results ... Peter and the girls have done a good job in continuing to improve our realized prices against the value and use metric that we use, and again, making a good contribution ... And so far, we’ve made good progress....

Good morning and welcome to TPG Specialty Lending, Inc ...Good morning, everyone, and thank you for joining us ... 2018 was our second highest year of originations since inception at $2.2 billion, primarily due to the larger financings completed during the first half of the year ... So, great question, so very good question ... Good morning....

Jerry Natoli - VP of Finance and Treasurer...Good afternoon ... With that, I will turn the call over to Jerry Natoli, Intuit's Vice President of Finance and Treasurer ... Good afternoon and welcome to Intuit's second quarter fiscal 2019 conference call ... Good afternoon everyone ... So, we feel good about what we see thus far ... Good afternoon and nice work....

Finance Transformation Enabled by SAP S/4HANA for ...

Income Statement, Cont'd: Cost of Goods Sold, Gros...

Latest News for: finance goods

Stephen Pearce – FinanceDirector... So good morning, ladies and gentlemen, and very warm welcome to Anglo American’s 2018 results ... Peter and the girls have done a good job in continuing to improve our realized prices against the value and use metric that we use, and again, making a good contribution ... And so far, we’ve made good progress....

Good morning and welcome to TPG Specialty Lending, Inc ...Good morning, everyone, and thank you for joining us ... 2018 was our second highest year of originations since inception at $2.2 billion, primarily due to the larger financings completed during the first half of the year ... So, great question, so very good question ... Good morning....

Jerry Natoli - VP of Finance and Treasurer...Good afternoon ... With that, I will turn the call over to Jerry Natoli, Intuit's Vice President of Finance and Treasurer ... Good afternoon and welcome to Intuit's second quarter fiscal 2019 conference call ... Good afternoon everyone ... So, we feel good about what we see thus far ... Good afternoon and nice work....

But as with all things in finance, there is both art and science to deep value REIT investing, specifically a big difference between a good long-term contrarian value play, and a value/yield trap to be avoided like the plague ... Now, the good news is that this is still an investment grade rating....

But one thing they overwhelmingly supported was the idea that personal finance should be taught in high school, according to the report from Nitro. Students want to learn more about personal finance...Millennials want personal finance classes ... 84% of respondents agreed that high school didn't prepare them to handle their personal finances....

He said the World Bank and ADB have a good opportunity to collaborate closely in the Asia-Pacific region given ADB’s “operational efficiencies and strong balance sheet, its in-depth knowledge and understanding of the ......

the President shall impose sanctions on a person if that person on or after the enactment of DASKA sells, leases, or provides to Russiagoods, services, technology, financing, or support.. * If goods, services, technology, financing, or support could directly and significantly ......

Politicians, misappropriation of funds, and violations of campaign finance laws that is a big business traditionally reserved for Caucasians and the Good Ole’ Boys Club nationally and locally ... for an overzealous auditing process within the Bureau of Ethics and CampaignFinance....

... to "mobilize action, partnerships, financing" on climate change ... "Financing is critical, but so also is good governance and oversight, and in oversight parliaments play a critical role," he added....

the President shall impose sanctions on a person if that person on or after the enactment of DASKA sells, leases, or provides to Russiagoods, services, technology, financing, or support.. * If goods, services, technology, financing, or support could directly and significantly ......

government, he said, does not take rising sea levels into account, which “reduces your chance of having a good, robust real estate market so people can finance their house and still sell it at market value at the end of that mortgage life.” ... It’s not going to get you a good result.”....

Course work includes the international and domestic movement of goods from the raw material sources through production and to the consumer ...Supply chain undergraduate placement rates are between 85-100 percent and usually graduates are accepting higher starting salaries than finance and accounting majors....